tiprankstipranks
Cettire Ltd. Boosts Q1 Profitability Amid Market Challenges
Company Announcements

Cettire Ltd. Boosts Q1 Profitability Amid Market Challenges

Cettire Ltd. (AU:CTT) has released an update.

Don't Miss Our Christmas Offers:

Cettire Ltd. reported a robust 22% increase in sales revenue for the first quarter of FY25, reaching $155 million, attributed to strategic operational optimizations amidst global luxury market challenges. The company saw significant growth in active customers and repeat purchases, enhancing profitability despite reduced marketing spend. With a strong cash position and a flexible business model, Cettire is well-positioned for future growth.

For further insights into AU:CTT stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App